Platinum Asset's Merger Not Enough to Lure Bull -- Market Talk

Dow Jones

2025/09/24

0005 GMT - Platinum Asset Management's merger with L1 isn't enough to turn UBS analysts bullish on the stock. With shareholder approval for the transaction secured, the UBS analysts incorporate L1's earnings into their outlook for the Australian wealth manager, driving EPS forecast increases of 11% for fiscal 2026, 16% for fiscal 2027, and 61% for fiscal 2028. They tell clients in a note that L1 should achieve strong organic earnings growth, and forecast A$12.5 million in fiscal 2026 cost reductions across the whole group. UBS lifts its target price 49% to A$0.79 but stays neutral on the stock. Shares are up 1.4% at A$0.735. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

September 23, 2025 20:06 ET (00:06 GMT)

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(stuart.condie@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 23, 2025 20:06 ET (00:06 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7062","symbol_name":"資產管理與託管銀行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2569742796","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2569742796","pubTimestamp":1758672360,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0005 GMT - Platinum Asset Management's merger with L1 isn't enough to turn UBS analysts bullish on the stock. 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